Symmetrical triangle that's about to breakout soon. If it breaks up I wouldn't be surprised if we manage to hit around 1300 sats so that's our first target. Second target is around 1500 which is the base of the triangle. RSI is relaxed right now but also looking to breakout. Kumo cloud is green and TK cross occurred earlier. If it breaks out it also breaks out of the kumo cloud which is bullish. I like this possible trade and I'm still waiting for a breakout.
It broke below the symmetrical triangle which can happen too ofcourse (btc dropping). This is why it's important to wait for a breakout before you buy in. I'll chart again when I see something that looks good.
What are you thinking after the large jump Funfair had in the recent 4 hours? Just wondering what your thoughts are about it now.
MylesMulvihill
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@Capital_, was just added to a new exchange i believe thats why it jumped
Capital_
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@MylesMulvihill, I wasn't aware of this. I didn't see it on coinmarketcal or any of funfair's newsletter they mail out. What exchange? Thanks in advance buddy
Capital_
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@Capital_, nevermind i just saw it on their twitter. Thanks for the info :)
OrunmilaDjehuti
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Great lesson for me as a rook here with waiting to see which end the price breaks out of the triangle.